Nutanix inventory jumps 15% on Q3 beat & robust outlook

Nutanix (NASDAQ:) shares soared greater than 15% after-hours following the corporate’s reported , with EPS of $0.04 coming in higher than the consensus estimate of $0.03. Income grew 11% year-over-year to $448.58 million, beating the consensus estimate of $433.12M.

ACV billings have been up 17% year-over-year to $240M. Annual Recurring Income (ARR) was $1.47 billion, representing a 32% year-over-year progress.

“Our enterprise carried out effectively within the third quarter in opposition to an unsure macro backdrop, as the worth proposition of our cloud platform continued to resonate with clients,” mentioned CEO Rajiv Ramaswami.

For This fall/23, the corporate expects income within the vary of $470-$480M, above the consensus of $452.24M. ACV billings are seen at $240–$250M.

For the total yr, the corporate expects income within the vary of $1.84-$1.85B, higher than the consensus of $1.8B. ACV billings are seen at $915–$925M.